Retained earnings and total equity were $17,000 and $432,000, respectively, at the end of Year 4....
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Retained earnings and total equity were $17,000 and $432,000, respectively, at the end of Year 4. There were 20,000 shares of common stock issued and outstanding at the end of Year 4 and no preferred shares were authorized. What is total equity if they declared a 10% stock dividend when market value is $27 per share and earned 189,000 in net income? Retained earnings and total equity were $17,000 and $432,000, respectively, at the end of Year 4. There were 20,000 shares of common stock issued and outstanding at the end of Year 4 and no preferred shares were authorized. What is total equity if they declared a 10% stock dividend when market value is $27 per share and earned 189,000 in net income?
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